TSX Venture Exchange Symbol: CPC.P
TORONTO, June 23 /CNW/ - Chrysalis Capital VI Corporation ("Chrysalis") is pleased to announce that it has received conditional approval from the TSX Venture Exchange for its previously announced proposed qualifying transaction (the "Qualifying Transaction") with Exclamation Investments Corporation.
The Qualifying Transaction is subject to the approval of the majority of the minority of shareholders of Chrysalis at an annual and special meeting of the shareholders of Chrysalis scheduled for July 12, 2010. A copy of the information circular relating to the Qualifying Transaction is available on SEDAR at www.sedar.com. The Qualifying Transaction is anticipated to close on or about July 14, 2010.
ABOUT CHRYSALIS CAPITAL VI CORPORATION
Chrysalis Capital VI Corporation is The Chrysalis Capital Group Inc.'s ("TCCG") sixth capital pool company ("CPC"). TCCG is entirely focused on generating superior shareholder returns through the creation of a series of unique CPCs. To date, TCCG has created seven Chrysalis branded CPCs and has assisted in the creation of four additional CPCs under TCCG's partners program. For more information about TCCG, please visit www.tccg.ca.
Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, final acceptance from the TSX Venture Exchange. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Information Circular prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Chrysalis should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved the contents of this press release.
Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements with respect to closing or completion of the Qualifying Transaction. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Chrysalis assumes no obligation to update the forward-looking statements unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings by Chrysalis with the Canadian securities regulators, which filings are available at www.sedar.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE CHRYSALIS CAPITAL VI CORPORATION
For further information: For further information: Chrysalis Capital VI Corporation, Robert Munro, President, t: (877) 272-4073, e: email@example.com, w: www.tccg.ca; Exclamation Investments Corporation, Marc Lavine, Chief Executive Officer, Daniel Shields, Chief Financial Officer, t: 1 (888) 838-1666, e: firstname.lastname@example.org, w: www.exclamationinvestments.com